"... a recent National Bureau of Economic Research report is anticipating the failure of over 300 small and medium-sized U.S. banks."

This is reminiscent of the period of high consolidation we saw that expanded the size of the mega banks, BoA, JPM, Wells Fargo, GS, etc. Community banks and smaller banks were absorbed and thousands were closed or sold/salvaged.

Everyone should be aware of the financial health of their bank.